Do not pay off your mortgage early! Do this instead if you want to build wealth much faster.
In today's video, Matthew Pillmore, president of VIP Financial Education, discusses how paying off your mortgage early when you've got a historically low interest rate is basically akin to throwing money down the tube.
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This strategy is brought to us by Mavin Loans, who actually take on a majority of the risk and do all the heavy lifting on these deals, meaning they become completely PASSIVE for you the Prefer Lender.
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Timestamps:
0:00 - Pay Off Mortgage Early
6:09 - Do This Instead
Watch the playlist on this passive income-generating financial freedom machine!
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Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you!
► www.investmenta...
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Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow-through, utilizing some of the things Dave Ramsey teaches - optimizing your cash flow by decreasing expenses - however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We're all about the best of both worlds.
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